AMD, Nvidia GPUs for Cryptocurrency Mining Unveiled

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Click the "report" link. It's just below the submission or comment body. AutoModerator will clean it up in no time! As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit. If you don't have anything nice to say, it's best not to say anything at all. Remember, bitcoin mining gpu clustering were all newbies once.

Mining isn't exactly a trivial venture. No mining pool referral links. No mining contract referral links. No referral links, period. No Promoting New Alt Coins. If there is a new alt coin out, this is not the place to discuss or promote it.

If you have questions about bitcoin mining gpu clustering that alt coin, feel free to ask away! Nobody should have to trust you before clicking on a link. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string. Do not ask for other people to mine for your address. Do not beg for donations simply for lending a helping hand. Anybody caught violating the rules will be banned on sight.

If you notice somebody abusing the subreddit rules, please message the moderators with bitcoin mining gpu clustering permalink in question. All members of the BitcoinMining subreddit are expected to read and follow the Official Reddit Rules as well as the informal Reddiquette guidelines. Bitcoin smart bitcoin mining gpu clustering example for selling. I can defend the position. Write to me in PM.

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If you like this guide or found it useful, please consider donating! Explaining Bitcoin mining… 1. Bitcoin mining is the process of creating or generating new Bitcoins. Mining is the process of minfr computation power to find valid blocks and thus create new Bitcoins. Technically speaking, mining is the calculation of a hash of the a block header, which includes among other things a reference to the previous block, a hash of a set of bitcoib and a nonce. If the hash value is found to be less than the current target which is inversely proportional to the difficultya new block is formed and the miner gets 50 newly generated Bitcoins.

If the hash is not less than the current target, a new nonce is tried, and a new hash is calculated. This is done millions of times per second by each miner. Is mining used for some useful computation? The computations done when mining are internal to Bitcoin and not related to any other distributed computing projects.

They serve the purpose of securing the Bitcoin network, which is useful. Here are some of my reasons: I have thoroughly enjoyed the entire process of building, configuring, testing, and occasionally fist fighting with these machines. Okay, but now the real reason… Money If anyone tells you otherwise, the real reason why everyone wants to mine for bitcoins is because you can make money!

In these systems, users place buys and sells themselves on the exchange and the price is set by the market. Not only that, there are plenty of online stores that accept bitcoin as currency. You can buy things like electronics, books, music, games, clothing, and more! Without going into too much detail, you can get all the nitty gritty right here: A mining rig is a computer system used for mining Bitcoins. The rig might be a dedicated miner where it was procured, built and operated specifically for mining or it could otherwise be a computer that fills other needs, such as performing as a gaming system, and is used to mine only on a part-time basis.

You should read this wiki page for more detailed information, and example Bitcoin mining rig configurations: A CPU is designed primarily to be an executive and make decisions, as directed hest the software. GPU mining is the process of using a graphics card also known as a video card or graphics card for Bitcoin computations. The GPU, or graphics processing unit, is a part of the video rendering system of a computer. Now that you learned a bit about cluuster mining process through a computers CPU and GPU, well discuss the next advanced of mining hardware.

Due the fact that this hardware is external as appose to internal GPU and CPU, it makes it easy to replace and maneuver the device from locations or different computers. This is a big one! This will add a hefty cost read more your electricity bill. These are the differences that make Bitcoin mining far more favorable on a GPU. This is a difference of or in case of AVX times more instructions per clock. A GPU is very different. However, GPUs have been designed so they are very good at doing video processing, and less executive work.

Video processing is a lot of repetitive work, since it is constantly being told to do the same thing to large groups of please click for source on the screen. In order to make this run efficiency, video processors are far heavier on the ability to do repetitive work, than the ability to rapidly switch tasks.

For more info on this topic go here: Ahh, this is a good question I am often asked, and it can be interpreted 2 different ways: How much money do I actually have available to invest in Bitcoin mining?

How much money is required in order for me to start mining for Bitcoins? This was the question you were probably referring to. And unfortunately, there is no single answer to this question.

Assuming you have a computer, you can minwr begin mining for Bitcoins! Yes that is correct! Using your current computers CPU, or GPU you can actually begin generating Bitcoins using various available free software depending on your ccluster system. However, that would be with very low-level mining machine with only 1 GPU capable of generating at small mhash rate.

This is a tricky question, and all depends on how big of a risk taker you are. Anywhere that I can put money, and turn it into more money is usually all I need to hear.

But, the most important thing is analyzing your risk and loss. Maybe governments will get involved, shutting it down, making it illegal, etc. Maybe people will one day just begin to de-value Bitcoin, and no longer accept it as currency. There are various downfalls that can come about, but here is the way I look at my investment losses; If the worst possible thing happens, which is Bitcoin ceasing to exist PERIOD, what am I left with?

Essentially, I am left with a lot of valuable hardware, which is in perfectly good condition. Many people would probably pay some good money for these computers on Clusher or other marketplaces. These machines are a gamers dream with their video rendering capabilities. Not to mention that they each can support up to 18 monitors! They would be great for stock brokers and day traders. I cluzter post my exact hardware configuration, and the links to where I purchased it in section 4. Return on Investment ROI 3.

The current monetary value of Bitcoin can be determined by going to http: Of course this price is subject to change and will fluctuate.

The price of Bitcoin will unquestionably be one of the two primary factors of your ROI. At that time, I calculated my ROI to take about 2 months. This depends on 3 main factors: Are you using a Bitcoin Pool or Solo Mining? More info in section What is the current difficulty rate?

More info in section 3. What kind of hardware are you using? More info in section 4. The difficulty changes every blocks. The following is the formula, which calculates the difficulty: The maximum difficulty is roughly: Can the difficulty go down?

See discussion in target. What is the minimum difficulty? The minimum difficulty, when the target is at the maximum clkster value, is 1. For more information on Difficulty bbitcoin see: The higher the difficulty rate is, the harder is is to create Bitcoins. In order to mine for Bitcoins, you generally need the same hardware as a regular computer such as: Ethernet cable, Keyboard, Mouse, and Monitor.

The Keyboard, Bitcoln, and Monitor components are only required for the initial setup and configuration, and do not need to be connected in order to actually continue mining. Some other nest are optional such as a computer case, Hard drive, and CD-Rom drive. It is posted below: I also provide a list of the exact hardware that I purchased mier my rigs in section 4.

I did a lot of research before buying my hardware, although I did not see the list shown below before making my purchases, so consider yourself lucky! Prices are always changing and hardware always goes down in cost, so I definitely bitcoon you to do some research on your own too.

Here are a few main things to keep in mind: This will determine how many GPUs you will be able to use in your rig. I would reccomend any of the following types of CPUs in order from worst to best: I listed only intel CPUs since they are most common. This will be your most important investment since it clsuter the main factor in dtermining RAM: This list of hardware is from:.

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